With new shipments arriving at select Apple Store locations today, gear heads lined up at New York and San Francisco stores for a second chance at an iPad 2. That’s pretty nuts. In an investor note, Ticonderoga Securities’ Brian White said:
The lines to buy the iPad 2 in New York City and San Francisco were again quite a spectacle this morning, a trend we believe will occur throughout the week. In New York City, three of the four stores already sold out of the iPad 2 in the first couple of hours this morning, and tickets were handed out at the flagship store to help people avoid waiting in line unnecessarily.
Additionally, the flagship San Francisco store opened an hour early and was also handing out tickets to a line of well over 400 people. Those at the end of this line were told the likelihood of getting an iPad 2 this morning were slim.
Launch lines are completely common, but four-days-after-launch lines are pretty remarkable. At this rate, I’m thinking about picking up a few units to flip on eBay. (I know you’re not supposed to do that, but I’m poor. Ha!) With the iPad 2 set to launch globally at the end of the month, it looks like supply issues will continue for a long time.
What do you make of the iPad 2’s initial success? Is it crazier than you thought it would be?